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Tilak Ventures Limited Rights Issue (Tilak Ventures Rights Issue) Detail

Feb 28, 2022 - Mar 15, 2022
Tilak Ventures Limited Logo

Tilak Ventures Ltd is a finance company to advance money to individuals, firms, or corporate body, and to receive money on deposits, or loans to carry business as financiers. Thus, the company is mainly into the business of financing, investment, and trading into shares, commodities, and bullion. Currently the Company is majorly into financing, investment and trading into shares, commodities, and bullion. It operates in two business segments; Finance and Commodities Activities.

Tilak Ventures Rights Issue Detail

Issue Open Feb 28, 2022 - Mar 15, 2022
Security Name Tilak Ventures Limited
Issue Size (Shares) 9.64 Crores
Issue Size (Amount) ₹48.18 Crores
Issue Price ₹5 per share
Face Value ₹1 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE
Terms of Payment 50% of the Issue Price i.e. Rs. 2.50/- per Rights Equity Share shall be payable at the time of application and the balance of 50% of the Issue Price i.e. Rs. 2.50/- per Rights Equity Share shall be payable in one or more subsequent calls as determined by the Board from time to time.
Entitlement 3 right shares for every 4 fully equity shares held on the record date

Tilak Ventures Rights Issue Issue Timetable

Bid/Offer Opens On Feb 28, 2022
Bid/Offer Closes On Mar 15, 2022
Record Date Feb 18, 2022
Deemed Date of Allotment Mar 28, 2022
Renunciation of Rights Entitlements Mar 8, 2022

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
  30-Sep-21 31-Mar-21
Total Assets 286.33 278.87
Total Income 2.73 51.13
Profit After Tax 2.15 13.65

Objects of the Issue:

The right issue proceeds will be utilized towards the following objectives;

  • Meet working capital requirements.
  • To meet issue related expenses.
  • General corporate purposes.

Tilak Ventures Rights Issue Documents

Tilak Ventures Rights Issue Rating

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Tilak Ventures Rights Issue Reviews

Company Contact Information

Tilak Ventures Limited
E-109, Crystal Plaza, New Link Road,
Opposite Infinity Mall, Andheri (West),
Mumbai – 400053

Phone: +91-915209641/42
Email: tilakfin@gmail.com
Website: https://tilakfinance.wordpress.com/

Tilak Ventures Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: tilakventures.rights@linkintime.co.in
    Website: https://linkintime.co.in/

Tilak Ventures Rights Issue Lead Manager(s)


5 Comments

5. Kalpit   I Like It. | Report Abuse |   Link | Apr 20, 2022 6:52:35 PM Reply
Listing date of partly paid right issue shares is not yet known.
4. Beant singh   I Like It. | Report Abuse |   Link | Apr 19, 2022 3:34:18 PM Reply
My share is lapse
3. Bharatbhai parmar   I Like It. | Report Abuse |   Link | Apr 17, 2022 8:22:48 AM Reply
2nd payment kab karna hai?
2. Sunil Kumar chhipa   I Like It. | Report Abuse |   Link | Mar 9, 2022 8:56:08 AM Reply
My share is laps how my money back
2.1. Kvvsatish   I Like It. | Report Abuse |   Link | Apr 6, 2022 11:04:19 AM
My shares are lapsed.my amount not returned.why
1. Aman   I Like It. | Report Abuse |   Link | Mar 28, 2022 5:58:44 PM Reply
Right ki allotment kab aayegi